This bill prohibits institutions of higher education in New Jersey from entering into partnerships related to sports wagering. It defines a "sports wagering partnership" as any contractual agreement between a sports wagering operator or intermediary and an institution, which includes its athletic department or booster club, that allows for advertising access in the institution's stadiums, facilities, and through various digital and broadcast content.

The legislation aims to prevent potential conflicts of interest and maintain the integrity of educational institutions by ensuring they do not engage in commercial relationships that promote sports wagering. The bill is set to take effect immediately upon passage.